empty
 
 
24.08.2015 02:20 PM
Daily analysis of SILVER for August 24, 2015

This image is no longer relevant

Overview

According to the shown H4 chart, Silver price declined clearly this morning to test the key support 14.80 accompanied by stochastic move at the oversold areas now to keep the chances valid to resume the expected bullish trend for the upcoming period, which depends on holding above the mentioned level, as breaking it will push the price to test the most important support at 14.40, and the bearish wave might extend to reach the 12.80 areas on the near-term basis. Therefore, the price needs a bullish rebound and breaching the 15.60 level to revive the positive overview followed by achieving our targets that start at 16.05 and extend to 16.85.

Summary
Urgency
Analytic
InstaForex Analyst
Start trade
Gagnez sur les variations du cours des cryptomonnaies avec InstaForex.
Téléchargez MetaTrader 4 et ouvrez votre première transaction.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback